Roblox Co. (NYSE:RBLX) Shares Purchased by State Street Corp

State Street Corp boosted its stake in Roblox Co. (NYSE:RBLX - Free Report) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,855,890 shares of the company's stock after acquiring an additional 240,565 shares during the period. State Street Corp owned 1.79% of Roblox worth $480,482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd raised its position in Roblox by 289.0% during the 3rd quarter. Quadrature Capital Ltd now owns 161,934 shares of the company's stock worth $7,167,000 after buying an additional 120,301 shares during the last quarter. Quantinno Capital Management LP raised its position in Roblox by 85.8% in the third quarter. Quantinno Capital Management LP now owns 34,316 shares of the company's stock worth $1,519,000 after acquiring an additional 15,846 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in Roblox by 3.6% in the third quarter. Royal London Asset Management Ltd. now owns 210,438 shares of the company's stock valued at $9,314,000 after acquiring an additional 7,332 shares during the period. Petrus Trust Company LTA boosted its position in shares of Roblox by 140.3% during the 3rd quarter. Petrus Trust Company LTA now owns 21,385 shares of the company's stock worth $946,000 after purchasing an additional 12,484 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its stake in shares of Roblox by 4.7% during the 3rd quarter. Motley Fool Asset Management LLC now owns 26,042 shares of the company's stock worth $1,134,000 after purchasing an additional 1,176 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays increased their target price on Roblox from $40.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price objective on Roblox from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Morgan Stanley raised shares of Roblox from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $38.00 to $65.00 in a research note on Monday, November 4th. Piper Sandler raised their price target on shares of Roblox from $54.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Finally, Benchmark boosted their price objective on shares of Roblox from $44.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.30.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 2,186 shares of the company's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the sale, the chief accounting officer now owns 91,062 shares of the company's stock, valued at $4,817,179.80. This represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Lee sold 200,000 shares of the firm's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the sale, the director now owns 4,707,579 shares in the company, valued at approximately $236,932,451.07. The trade was a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 997,868 shares of company stock valued at $47,880,617 over the last 90 days. Corporate insiders own 22.15% of the company's stock.

Roblox Trading Down 4.0 %

Roblox stock traded down $2.38 during midday trading on Monday, reaching $56.93. The stock had a trading volume of 8,582,242 shares, compared to its average volume of 7,663,251. The stock has a market capitalization of $34.59 billion, a PE ratio of -34.71 and a beta of 1.50. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The stock's 50-day simple moving average is $47.34 and its 200 day simple moving average is $42.39. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $59.80.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the business earned ($0.45) EPS. The company's revenue for the quarter was up 9.5% on a year-over-year basis. Analysts expect that Roblox Co. will post -1.56 EPS for the current year.

Roblox Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.